Sean Compton Sells 845 Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) Stock

Nexstar Media Group, Inc. (NASDAQ:NXST) insider Sean Compton sold 845 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $167.25, for a total transaction of $141,326.25. Following the completion of the transaction, the insider now owns 14,248 shares in the company, valued at $2,382,978. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sean Compton also recently made the following trade(s):

• On Tuesday, May 27th, Sean Compton sold 877 shares of Nexstar Media Group stock. The shares were sold at an average price of $173.59, for a total transaction of $152,238.43.
• On Tuesday, May 20th, Sean Compton sold 1,088 shares of Nexstar Media Group stock. The shares were sold at an average price of $175.53, for a total transaction of $190,976.64.

Nexstar Media Group Trading Up 2.6%

NXST opened at $169.00 on Friday. The firm’s fifty day moving average is $160.90 and its two-hundred day moving average is $162.14. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $5.16 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.45 and a beta of 1.06. Nexstar Media Group, Inc. has a twelve month low of $141.66 and a twelve month high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, May 8th. The company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.11. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business posted $5.16 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that Nexstar Media Group, Inc. will post 21.62 EPS for the current year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.86 per share. The ex-dividend date was Monday, May 19th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 4.40%. Nexstar Media Group’s payout ratio is 37.69%.

Institutional Investors Weigh In On Nexstar Media Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NXST. Barclays PLC raised its holdings in shares of Nexstar Media Group by 16.8% during the third quarter. Barclays PLC now owns 45,051 shares of the company’s stock worth $7,448,000 after acquiring an additional 6,475 shares during the period. Trust Point Inc. acquired a new stake in shares of Nexstar Media Group during the fourth quarter worth $350,000. Verity Asset Management Inc. acquired a new stake in shares of Nexstar Media Group during the fourth quarter worth $250,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nexstar Media Group by 15.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,947 shares of the company’s stock worth $3,493,000 after acquiring an additional 2,929 shares during the period. Finally, Meritage Portfolio Management raised its holdings in shares of Nexstar Media Group by 10.4% during the fourth quarter. Meritage Portfolio Management now owns 5,084 shares of the company’s stock worth $803,000 after acquiring an additional 481 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXST. Wells Fargo & Company cut their price objective on shares of Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Barrington Research restated an “outperform” rating and issued a $200.00 price objective on shares of Nexstar Media Group in a report on Tuesday, May 13th. Wall Street Zen lowered shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Loop Capital upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $190.00 to $200.00 in a report on Friday, February 28th. Finally, Benchmark cut their target price on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

About Nexstar Media Group

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.